Rye Patch Updates Net Smelter Return Royalty on Rochester Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 9, 2014) - Rye Patch Gold Corp. (TSX VENTURE:RPM)(OTCQX:RPMGF)(FRANKFURT:5TN) (the "Company" or "Rye Patch") - On April 7, 2014 Coeur Mining (NYSE:CDE) announced preliminary production results of 750,000 ounces of silver and 8,192 ounces of gold for the first quarter of 2014 from the Rochester mine located along the Oreana trend in Pershing County, Nevada. Rye Patch Gold US Inc. holds a 3.4% Net Smelter Return royalty over all gold and silver ounces produced and sold. The royalty is capped at 39.4 million ounces of silver equivalent, is paid quarterly with the first payment due by April 15, 2014 and is fully leveraged to the price of gold and silver.

Highlights:

• In the first quarter of 2014, the Rochester mine placed 3.65 million tons of material on its leach pads which is a 16% increase from the fourth quarter of 2013;
• Average silver and gold grades were 0.59 opt silver and 0.003 opt gold which is a 5% increase in silver grade and a 50% increase in gold grade from the previous quarter;
• The average daily silver production for the first quarter was 8,337 ounces per day, and the average daily production rate has exceeded 13,000 ounces of silver per day starting in April;
• Rochester achieved higher crushing rates and placed a larger number of tons on the leach pad than in recent quarters;

"We are pleased to see the solid performance of Coeur Mining at the Rochester mine and the progress made toward increasing production," stated William (Bill) Howald, the Company's president and chief executive officer. "With the Rochester operation achieving production consistency, Rye Patch can continue to unlock the potential of its project portfolio by re-investing the royalty cash flow to explore its projects, expand its gold and silver inventory, and add value for all stakeholders. Several targets are scheduled for drilling this year that will contribute to the understanding of the Oreana and Cortez trends. We appreciate the efforts made by Coeur Mining in striving for consistency in their production and expansion goals."